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BASIC ATTENTION TOKENBASIC ATTENTION TOKENBASIC ATTENTION TOKEN
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BASIC ATTENTION TOKEN

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BATUSD trade ideas

BAT USD Breakout for cup and handle formationBullish Technical Analysis of BAT Token to USD on Coinbase IntroductionThe Basic Attention Token (BAT) has shown promising signs of a bullish trend on the Coinbase exchange when charted against the US Dollar (USD). This document will delve into the technical indicators and chart patterns that suggest a strong upward trajectory for BAT. Price Action and Trend Analysis Recent Breakout: BAT has recently broken out of a descending triangle on the weekly timeframe, which is typically a bullish reversal pattern. After consolidating for months, the price has decisively moved above the resistance, signaling potential for an upward movement. Moving Averages: The BAT/USD pair has crossed above both its 50-day and 200-day moving averages, which is often seen as a golden cross, an indicator of strong bullish momentum. This crossover suggests that the short-term trend is now aligned with the long-term trend, supporting the bullish outlook. Support and Resistance Levels: The token has tested and broken through a significant resistance zone around $0.25, now potentially acting as a new support level. This shift could lead to a higher price target, with immediate resistance levels at $0.75, $1.56, and ambitiously, $2.80 in the near term. Technical Indicators Relative Strength Index (RSI): The RSI for BAT has moved out of the overbought territory and is currently hovering in a healthy range, suggesting there's room for further upward movement without being immediately overbought. This indicates sustained buyer interest. MACD (Moving Average Convergence Divergence): The MACD line has crossed above the signal line, and the histogram shows increasing positive momentum. This crossover is another confirmation of the bullish trend in BAT/USD. Volume: Accompanying the price breakout, there has been a noticeable increase in trading volume, reinforcing the validity of the breakout. High volume during uptrends often indicates strong market participation and commitment to the upward trend. Chart Patterns Cup and Handle: The BAT/USD chart shows elements of a cup and handle pattern on a longer timeframe, which is considered one of the most reliable bullish patterns. This pattern suggests that after a period of consolidation, there could be a significant move upwards. W Pattern: There's a forming "W" pattern, which is another bullish indicator, showing that BAT might be preparing for another leg up after testing its support. A close above the current resistance could confirm this pattern. Market Sentiment Social Sentiment: Posts on X (formerly Twitter) have shown a predominantly bullish sentiment towards BAT, with many traders and analysts discussing the potential for BAT to reach new highs based on recent chart patterns and breakouts. Conclusion Based on the technical analysis, BAT/USD on Coinbase exhibits multiple bullish signals. The breakout from the descending triangle, positive momentum indicators like MACD and RSI, along with supportive chart patterns such as the cup and handle and "W" pattern, all point towards a strong potential for price appreciation. While no investment is without risk, the current technical setup suggests that BAT could be poised for significant growth, potentially targeting levels at $0.75, $1.56, and beyond in the coming weeks or months. Traders and investors should, however, continue to monitor these levels and adjust their strategies according to market developments.
COINBASE:BATUSDLong
by Goldsworth
1
BAT, the best browser token ?TSXV:BAT is the native token of Brave, one of the most used Web3 native browser. We can observe that its price almost reached its long-term trend support during the accumulation of the bear market. We can consider the zone between $0.11 and $0.50 as a good buying zone to constitute bags by DCAing. We are going to have a bullish confirmation after a closure above the main resistance at $0.50. The main resistance zone to put Take Profit will be around $0,96, $1.43 and $1.67. It would be a good strategy to sell step by step and increase the level of the Stop Profit to follow the trend and maximize the return on investment in case of bearish reversal.
CRYPTO:BATUSDLong
by vf_investment
2
#BAT #BATUSD #BATUSDT #Analysis #Eddy#BAT #BATUSD #BATUSDT #Analysis #Eddy (("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are a beginner, my suggestion is that you don't destroy your capital and first learn technical analysis and basic trading along with psychology and risk and capital management from reputable sources and courses, and then enter the financial markets.")) (("The above analysis and setups and points and areas are combined with most of the combined styles such as price action, supply and demand, RTM, ICT and also with the analysis of important indicators such as Dominance Tether and Bitcoin. If you are familiar with the mentioned styles and know how to get approval to enter the above styles, use the above analysis. This is not an investment proposal and only my opinion, please act based on your experience and decisions.")) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ I also suggest you to view my #Analysis of #Bitcoin from the link below :
COINBASE:BATUSD
by Eddy_Trade_
✴️ Basic Attention Token Cup & Handle, Ultra-Bullish SetupBasic Attention Token (BATUSD) went through the same pattern as all the other Altcoins, that's the 1,2,3,4 Steps Pattern. This pattern ended in a classic Cup & Handle that is already breaking upwards leading to an ultra-bullish chart setup. Why is this chart setup ultra-bullish? BATUSD currently trades above its November 2022 low, the last major low that needed to be conquered. The current price also trades above EMA50 with bullish indicators. With the Altcoins market being bullish as a whole, these are really strong signal as no resistance remain. The doors are open for a major bullish wave. Notice how steep the climb was in Jan/February of this year... We can see something similar leading to higher highs. Bottom line: Huge growth potential. Namaste.
CRYPTO:BATUSDLong
by AlanSantana
2
All alts with this Chart Pattern will fly. Being Accumulated.My previous post on Bitcoin was wrong. Despite seeing a hidden bearish divergence signal, they sometimes appear falsely at bottoms when reversing. While looking at alts, I noticed this about them. Zooming in to hourly time frames (I got several points of confirmation, including increase in volume with price jump) that all alts with this pattern are being heavily accumulated. This is ground zero of the alt run. You need to buy all alts with this chart. Right. Now.
COINBASE:BATUSDLong
by frosty4321
2